How will I be able to track my shipment?

We ship exclusively with FedEx, which includes package tracking. You’ll be able to track your package anytime at FedEx.com, and you’ll also be notified via email when the package is scanned into our facility.

How much do you pay for gold?

This depends on a few factors, most notably the current price of gold. Contact us directly to receive an accurate quote and estimate for your gold, or check out our what we pay page!

How can I see my offer?

As soon as your offer is available, you’ll receive an email from us. You can then log into our secure website to view your offer and decide whether to accept or reject the payout.

How long does it take?

Packages are sent the same day via FedEx if you’re requesting a mailer pack, rather than printing your own (which you can do instantly). Packages typically take 1-3 business days to arrive. We process all packages the same day we receive them, sending you an offer right after testing the packs. We pay within 24 hours, usually less, so the entire process might only take a couple of days.

Can I use my own packaging?

Yes! Select “Print a Free Kit” when requesting a kit instead of “Mail Me My Kit.” You’ll be able to print free FedEx shipping labels to attach to your package.

What if I’m unhappy with my offer? Do I need to pay to send it back?

No, we’ll return your valuables to you free of charge! You’re under no obligation to sell to us, and we’ll promptly return your items to you.

Do you buy estates?

Yes! No collection is too large for us to handle. We are experienced in evaluating collectible and rare items, inspecting each one for additional value before testing their intrinsic value.

How do you convert gold to cash?

Gold is a commodity with a fluctuating market rate, but buying or selling physical gold at that rate isn’t straightforward. Gold, like any other asset, must be sold or traded with someone on the opposite side of the transaction.
You can sell privately, to jewelry stores, pawn shops, or an online service that specializes in it like us. Our process is simple: request a free gold mailer pack, send in your gold, and get paid (either online or by check). Your gold can be converted to cash in as little as 24 hours.

Is it good to sell gold now?

Gold prices fluctuate for many reasons. Historically, it has been a stable investment, often considered a “safe haven” in times of economic uncertainty. However, like any investment, it comes with risks and it’s impossible to predict with certainty if prices will go up or down. Gold is near all-time highs, but that doesn’t necessarily mean it will continue to rise or that it’s due for a crash. When you decide to sell, we’re here to help you get the most for your cash!

How much gold can you sell before paying tax?

Selling gold is taxed the same way as selling any investment. You must pay capital gains tax if you’ve profited from selling gold, regardless of the amount. You should speak with a tax professional if you are worried about the tax implications of selling gold.

Which gold coin is better, 22k or 24k?

24k gold is pure (100%) gold, while 22k gold is 91.7% gold. For the sale value, 24k gold coins are better and are preferred by investors. Adding alloys makes gold more durable, so if durability is a concern, 22k gold is better.

Can I sell gold to a bank?

Banks generally do not buy and sell gold. Some may have a limited selection of gold you can buy (such as gold coins), but selling is even less common. If you want to sell gold, you’ll probably need to go to a jewelry store, gold dealer, private party, or an online cash for gold service.

How much is a 14k gold ring worth at a pawn shop?

The value of a 14k gold ring at a pawn shop depends on the price of gold, the weight of your ring, and the pawn shop you’re dealing with. Some pawn shops are fair, while others may try to pay you as little as possible.
The average gold ring weighs about 5 grams. If it’s 14k gold, it’s 58.3% gold – or 2.92 grams of actual gold. With the current price of gold around $75/gram, the actual value of the ring is about $219. Pawn shops may offer between 20% and 80% of the gold value. It’s important to understand the value of your gold before selling it. For more information on ring pricing check out this article.

How much do jewelers pay for gold?

When you sell gold to us, the more gold you sell, the higher the price you get. You can refer to our what we pay page for our rates.
Jewelers are likely to follow a similar logic, though they typically offer store credit as an incentive to sell their jewelry rather than fair cash prices for unwanted gold.

What is a good price to sell gold?

Unlike other gold buyers, we post what we pay for gold. The more gold you have to sell, the better the price you’re going to get.
24k gold (100% pure gold) is easier to sell since it’s more popular with investors. You should be able to get closer to the actual price of gold ($75/gram as of June 2024) with 24k gold. Selling old, broken, scrap gold with lower purity (14k gold, for example) will be more difficult to get full value for. However, the more you have, the better the rate you’ll get.

What is the best month to sell gold?

Based on historical data, the beginning of March is the best time to sell gold, and the end of July is the best time to buy gold. However, the famous investment disclaimer applies: “past performance doesn’t guarantee future results.” Gold is volatile like any investment, and trying to time it based on the time of year is not advisable.

What will be the gold price in 2025?

As of June 24, 2024, the price of gold is $2331/ounce, or $74.96/gram. It is currently near the high for the year, although the price of gold has fluctuated. There’s no way to predict for sure where gold prices will be in 2025, as some experts have prices continuing to increase (often by a lot), while others believe prices will struggle.

What is the highest price of gold in history?

The highest price of gold in history was $2,426.39/ounce, recorded on May 18, 2024. The previous high was set in 2020, while prices struggled for the past several years. Many experts are calling for a continued increase in price.

Do you get a 1099 when you sell gold?

If you sell more than 25 oz of non-exempt gold bullion, you will receive a 1099 from the gold buyer. At $2331/ounce, that would be $58,275 in gold. There are some exempt gold coins that do not need to be reported, such as American Gold Eagle coins.
Selling smaller amounts of gold will not be reported on a 1099. However, you are responsible for paying capital gains taxes if you sold your gold for a profit.

Do you pay taxes on selling gold?

Yes, capital gains tax is required when you sell gold for a profit. If you held the gold for less than a year, you are taxed at your normal rate. If you held the gold for over a year, it’s considered a long-term capital gain and taxed at 15% or 20%, depending on your income.

How can you tell if you have 24k gold?

The easiest way to tell if your gold is 24k is to inspect the surface for an inscription. Many gold pieces have the purity written on them, so if you find a 14, 18, 22, or 24 on the surface of your jewelry, that’s likely the purity of the gold piece. If there is no inscription, an acid test is a reliable way to determine if you have 24k gold or another purity. Kits can be purchased online and typically start around $25. If you take your gold to a pawn shop or cash-for-gold store, it’s how they’ll commonly determine the purity.

At Cash for Gold Mailer, we perform a test with an (expensive) metal analyzer that can detect the purity and weight of your pieces accurately almost instantly.

Can you wear 22k gold every day?

Wearing 22k gold every day is not advisable. 22k gold is 91.7% gold and only 8.3% other metals, so it’s less durable than 14k or 10k gold, which is more suitable for everyday wear. 22k gold jewelry is best for special occasions or less frequent wear due to its softness and potential for damage.

What factors affect the price of gold and silver?

The prices of gold and silver are influenced by various factors, including market demand, geopolitical stability, inflation rates, and currency values. Economic uncertainty often drives up the prices as investors seek safe-haven assets.

How can I verify the authenticity of my gold and silver items?

You can verify the authenticity of gold and silver by checking for hallmarks or stamps that indicate purity. Additionally, you can use methods like acid testing, electronic testing, or taking your items to a professional appraiser or jeweler for verification.

Should I clean my gold and silver before selling?

It is generally not necessary to clean your gold and silver before selling, as buyers will often test the metal’s purity regardless of appearance. However, if you choose to clean them, use gentle methods to avoid damaging your items.

Do gold and silver prices fluctuate daily?

Yes, gold and silver prices fluctuate daily based on market conditions. It is advisable to monitor current prices before deciding to sell to ensure you get the best possible rate for your items.

Can I sell broken or damaged gold and silver jewelry?

Yes, you can sell broken or damaged gold and silver jewelry. We’re primarily interested in the metal’s purity and weight, so the condition of the item is less important. So it’s totally worth selling your broken gold jewelry.

How do I know if I am getting a fair price for my gold and silver?

To ensure you get a fair price, research current market prices for gold and silver, and obtain quotes from multiple buyers. Reputable buyers should offer competitive rates based on the current market value and the purity of your items. Use our gold calculator and silver calculator so you know how much your metals are worth before you sell!

Can I sell gold and silver coins for their metal value?

Yes, you can sell gold and silver coins for their metal value. However, some coins may have additional numismatic value due to their rarity, age, or condition, which could make them worth more than just their metal content.

Are there any fees or commissions when selling gold and silver?

Some buyers may charge fees or commissions when you sell gold and silver. It’s important to ask about any potential charges upfront so you can factor them into your decision. Reputable buyers should be transparent about any fees involved. At Cash for Gold Mailer, the price we quote you is the cash amount you receive – no hidden costs.

Is it better to sell gold and silver online or in person?

Both options have their advantages. Selling online can be convenient and may offer competitive prices, but ensure the buyer is reputable and offers secure shipping and insurance. Selling in person allows for immediate payment and personal interaction but may require visiting multiple buyers to get the best offer. Choose the method that best suits your needs and preferences.